Saturday, October 22, 2005

Not unexpected, but still frustrating

The District is having some trouble convincing land owners on the new stadium site to sell their property. With the deadline for sale having passed, D.C. will now start eminent domain proceedings. We suspect that the land owners realize that the cards are stacked against them and what they're really hoping for is a better deal. By "a better deal" we mean a higher price or a more desireable relocation site. The District has a lot of power to take title to the land in only 90 days, but the City Council has imposed a cap of $165 million for land, infrastructure, and environmental cleanup, so the real struggle will be to buy the land for what the City considers to be a reasonable price. Hopefully this will all work itself out soon, because the last thing anyone wants are protracted legal proceedings that hold up construction of the stadium.

No comments: